Today’s Stock On Watch: Could NutriSystem Inc. See a Reversal After Breaking Its 52-Week High?

Today's Stock On Watch: Could NutriSystem Inc. See a Reversal After Breaking Its 52 Week High?

The stock of NutriSystem Inc. (NASDAQ:NTRI) hit a new 52-week high and has $39.64 target or 7.00% above today’s $37.05 share price. The 6 months bullish chart indicates low risk for the $1.10 billion company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $39.64 price target is reached, the company will be worth $77.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock decreased 0.67% or $0.25 during the last trading session, hitting $37.05. About 68,202 shares traded hands. NutriSystem Inc. (NASDAQ:NTRI) has risen 70.09% since April 22, 2016 and is uptrending. It has outperformed by 64.68% the S&P500.

Analysts await NutriSystem Inc. (NASDAQ:NTRI) to report earnings on February, 23. They expect $0.24 earnings per share, up 26.32% or $0.05 from last year’s $0.19 per share. NTRI’s profit will be $7.13M for 38.59 P/E if the $0.24 EPS becomes a reality. After $0.27 actual earnings per share reported by NutriSystem Inc. for the previous quarter, Wall Street now forecasts -11.11% negative EPS growth.

NutriSystem Inc. (NASDAQ:NTRI) Ratings Coverage

Out of 8 analysts covering Nutrisystem (NASDAQ:NTRI), 6 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 75% are positive. Nutrisystem has been the topic of 11 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Barrington Research upgraded NutriSystem Inc. (NASDAQ:NTRI) on Monday, November 2 to “Outperform” rating. The stock of NutriSystem Inc. (NASDAQ:NTRI) earned “Buy” rating by B. Riley & Co on Thursday, October 29. The company was initiated on Friday, November 11 by Argus Research. The firm has “Buy” rating by Lake Street given on Friday, July 24. Citigroup maintained the stock with “Neutral” rating in Tuesday, September 13 report. The stock of NutriSystem Inc. (NASDAQ:NTRI) earned “Buy” rating by Sidoti on Monday, November 2. Barrington Research maintained the stock with “Outperform” rating in Monday, October 31 report. The stock has “Buy” rating given by Wunderlich on Friday, January 29. The firm earned “In-Line” rating on Monday, August 3 by Imperial Capital. Wunderlich maintained the shares of NTRI in a report on Wednesday, October 19 with “Buy” rating.

According to Zacks Investment Research, “NutriSystem is a leading provider of weight management products and services. They offer an at-home weight loss program based on portion-controlled, lower Glycemic Index prepared meals, weight loss plans, and private telephone and online support.”

Insitutional Activity: The institutional sentiment decreased to 0.86 in Q2 2016. Its down 0.04, from 0.9 in 2016Q1. The ratio is negative, as 20 funds sold all NutriSystem Inc. shares owned while 63 reduced positions. 23 funds bought stakes while 52 increased positions. They now own 26.95 million shares or 2.01% more from 26.42 million shares in 2016Q1.
Granite Inv Prtn Ltd Co accumulated 0.65% or 324,588 shares. Quantbot L P last reported 7,725 shares in the company. Teacher Retirement Sys Of Texas last reported 4,062 shares in the company. Pinebridge Invests Lp has 0% invested in the company for 3,694 shares. Goldman Sachs Grp reported 29,802 shares or 0% of all its holdings. Renaissance Techs Limited Com holds 0.12% or 2.50M shares in its portfolio. State Board Of Administration Of Florida Retirement System holds 18,900 shares or 0% of its portfolio. Teachers holds 0.01% of its portfolio in NutriSystem Inc. (NASDAQ:NTRI) for 325,152 shares. Tiaa Cref Inv Lc last reported 217,664 shares in the company. Northern Trust holds 0.01% of its portfolio in NutriSystem Inc. (NASDAQ:NTRI) for 755,818 shares. Moreover, Copper Rock Cap Partners Limited Liability Corporation has 2.44% invested in NutriSystem Inc. (NASDAQ:NTRI) for 1.27 million shares. Capital One Association has 71,098 shares for 0.15% of their US portfolio. Gemmer Asset Mngmt Ltd Liability Corp, a California-based fund reported 32 shares. Emerald Advisers Pa has 1.15% invested in the company for 942,255 shares. Mufg Americas Hldg, a New York-based fund reported 688 shares.

Insider Transactions: Since May 26, 2016, the stock had 0 buys, and 12 sales for $5.94 million net activity. On Thursday, October 20 the insider ZIER DAWN M. sold $596,490. $83,702 worth of NutriSystem Inc. (NASDAQ:NTRI) was sold by Herratti Jay. MONAHAN MICHAEL P. also sold $343,400 worth of NutriSystem Inc. (NASDAQ:NTRI) on Friday, November 11. 20,000 shares with value of $525,109 were sold by Krausz Keira on Friday, July 15. 3,142 shares with value of $76,106 were sold by GUAGLIARDO PAUL J on Thursday, June 16. TIERNEY BRIAN had sold 7,000 shares worth $204,778.

More recent NutriSystem Inc. (NASDAQ:NTRI) news were published by: Nasdaq.com which released: “Earnings Reaction History: NutriSystem Inc., 71.4% Follow-Through Indicator …” on October 26, 2016. Also Fool.com published the news titled: “Why NutriSystem Inc. Stock Soared 20%” on May 04, 2016. Businesswire.com‘s news article titled: “Nutrisystem, Inc. Acquires South Beach Diet Brand from SBD Holdings Group Corp.” with publication date: December 17, 2015 was also an interesting one.

NTRI Company Profile

Nutrisystem, Inc. (Nutrisystem), incorporated on August 17, 1999, is a well-known provider of weight management services and products, including nutritionally balanced weight loss programs, multi-day kits available at retail locations and digital tools to support weight loss. The Company’s program clients purchase monthly food packages containing four-week meal plan consisting supply of breakfasts, lunches, dinners and snacks and flex meal plan recipes, which they supplement with fresh fruits, vegetables and dairy. The Company’s clients order on an auto-delivery basis (Auto-Delivery), where it sends approximately four-week meal plan on an ongoing basis until notified of a customer’s cancellation. The Firm offers its pre-selected favorites food pack or personalized plans, where clients can hand pick their entire menu or customize plans to their dietary preference. The Company’s meal plans feature approximately 150 menu options at different price points, including frozen and ready-to-go entrees, desserts, snacks and shakes.

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